4 Hrs
Source:
اقتصاد سكاي نيوز عربية
Japan faces higher fertilizer costs amid Strait of Hormuz closure
The actual closure of the Strait of Hormuz has raised concerns about food security in Japan, due to increased import costs for fertilizers and shrinking supply chains. Japan relies almost entirely on raw materials such as urea, ammonium phosphate, and potassium chloride from Malaysia, China, and Canada. However, so far, there has been no major disruption in fertilizer supplies. Nonetheless, the government is taking measures to stockpile products and diversify import sources amid warnings of a global fertilizer shortage.
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